Software supplier GAN has announced a multi-year agreement with Goldbet, adding to their client base an online sports betting and casino gaming operator that has a three per cent share of market share in igaming in Italy.
GAN already delivers over 500 casino slots, table games and non-traditional games in Italy to eight clients in the country who together make up over 40 per cent of the casino gaming market by gross gaming revenue.
The deal with Goldbet is expected to be accretive to GAN’s net revenues and EBITDA derived from Italy, commencing in the second half of 2018.
Dermot Smurfit, CEO of GAN, said: "Italy remains a strategic stronghold for GAN and represents a substantial long term investment in a market which first regulated internet skill-based games in 2009, casino table games in 2011 and casino slot games in 2013.
“The Italian regulated internet gaming market appears locked in a structural growth cycle which GAN continues to benefit from by delivering an increasing number of high quality internet casino games to its clients. We very much welcome the addition of Goldbet as our ninth client in Italy."
